Europe needs a concerted fiscal stimulus

Jean Pisani-Ferry, André Sapir and Jakob von Weizsäcker outline in this opinion piece the ingredients needed to bring together a European recovery programme (also see policy brief "A European Recovery programme". Their proposal supports the G-20 communiqué calling for 'fiscal measures to stimulate domestic demand to rapid effect' and underlines the needs to maintain 'a policy framework conducive to fiscal sustainability' by reinforcing the Stability and Growth Pact.

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This comment was also published by the Financial Times, Gazeta Prawna and Les Echos.